Libya's oil firm condemns attempts to divide its subsidiary

Source: Xinhua| 2019-09-20 09:51:22|Editor: xuxin
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TRIPOLI, Sept. 19 (Xinhua) -- Libya's state-owned National Oil Corporation (NOC) on Thursday condemned attempts to divide its subsidiary company Brega Petroleum Marketing Company (BPMC) by some of BPMC's board members and the east-based army.

"(The) NOC condemns attempts to divide its subsidiary Brega Petroleum Marketing Company (BPMC), and rejects false allegations that fuel supplies to the Eastern region are inadequate," the NOC said in a statement.

The BPMC has recently seen some of its board members breaking up with and accusing the parent company NOC of deliberately cutting jet fuel and kerosene supply to the eastern part of the country, according to a report of energy news site Oilprice.

The NOC said it rejects the establishment of a parallel board of directors for the BPMC.

"(The) NOC rejects any attempts to partition and politicize Libya's oil sector to serve narrow interests and foreign agendas. Fuel supply to the Eastern and Central regions is more than adequate for civilian purposes. The real motive behind this attempt is to set up a new illegitimate entity for the illegal export of oil from Libya," said NOC Chairman Mustafa Sanalla.

"Let us be clear, if NOC loses its oil export monopoly, the future integrity of Libya is at grave risk," Sanalla added.

Libya is politically divided into east and west, each of which has its own oil corporation.

However, the international community only recognizes the National Oil Corporation of the UN-backed government based in Tripoli.

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